Sales & Marketing news

• Whole Foods is sliding after missing on earnings and slashing its guidance (WFM)

  08-02-2017 22:25 via feedproxy.google.com
  
  Whole Foods is sliding after announcing quarterly earnings that fell short of Wall Street estimates in addition to slashing its full-year guidance. 
  The upscale grocery chain earned $0.30 per share versus the Wall Street estimate of $0.39. On an adjusted basis, earnings were in-line at $0.39 per share. 
  Revenue rose 1.8% versus a year ago to $4.92 billion, but that was below the $4.98 billion that was expected. 
  Shares of Whole Foods were down as much as 4.4% in after-hours tradin
  
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• Nordstrom hits back after White House claims it lodged a 'direct attack' against Trump

  08-02-2017 22:20 via feedproxy.google.com
  
  Nordstrom is defending its decision to drop Ivanka Trump's fashion line after the White House on Wednesday accused the retailer of lodging a "direct attack" on President Donald Trump's policies.
  A company representative said Ivanka was informed in early January of Nordstrom's decision to drop the brand and that it was based on the brand's poor sales performance.
  "To reiterate what we've already shared when asked, we made this decision based on performance," the company said in a statement. "Over
  
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• Wells Fargo is reportedly considering scrapping 2016 bonuses for its top executives including the CEO and CFO

  08-02-2017 21:55 via feedproxy.google.com
  
  Wells Fargo will not be giving out 2016 bonuses for top executives according to a report from the Wall Street Journal.
  The Journal's Emily Glazer, citing people familiar with the matter, reported that the board of directors is considering witholding 2016 bonuses from current CEO Tim Sloan, CFO John Shrewsberry, and other top executives.
  Wells was rocked during the second half of 2016 when the bank settled with regulators after employees opened accounts under customers' names without their k
  
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• 'Wiped out': Hedge fund assets could drop by 30%

  08-02-2017 21:39 via feedproxy.google.com
  
  Hedge funds might be facing a rocky road ahead.
  A new report out from Boston Consulting Group plots three possible scenarios for hedge funds for the period until 2020. In the worst case scenario, BCG predicts industry-wide assets could shrink by as much as 30% and margins could fall by 20% as a result of fee reductions and increased capital expenditure.
  In that scenario, performance would be similar to that of 2015 and 2016. Hedge funds on the whole returned about 3% last year, accordi
  
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• Another company called Snap spiked 164% because investors thought it was Snapchat (STVID)

  08-02-2017 21:38 via feedproxy.google.com
  
  Investors likely wanting a piece of Snap Inc.'s impending IPO sent shares of another company called Snap Interactive up as much as 164%, as first noted by Bloomberg.
  Snap Inc. is the parent company of Snapchat and is seeking to raise $3 billion when it goes public at a possible $25 billion valuation in March. Snap Interactive is a lesser known video chat and online dating service provider.
  When Snap does eventually float its shares in the coming weeks, it will be under the ticker "SNAP" on
  
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• O'Reilly Automotive's CEO is not afraid of Amazon (ORLY)

  08-02-2017 21:27 via feedproxy.google.com
  
  O'Reilly Automotive CEO Gregory Henslee doesn't view online retailers like Amazon as a threat.
  In the fourth-quarter 2016 earnings call on Wednesday morning, UBS Analyst Michael Lasser asked Henslee about the emerging online competition within the space, particularly on the DIY side.
  "We've not seen much in our business that's led us to be very concerned about it," said Henslee. "These online retailers have been around for a long time and I realize that Amazon is the strongest and the best-run..
  
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• Trump's obsession with Mexico makes him miss the bigger picture on Latin America

  08-02-2017 20:56 via feedproxy.google.com
  
  Latin America is a big place — or, as Donald Trump might put it, muy grande.
  While the new US president appears fixated on trade battles with Mexico and halting immigration from the southern border, deep economic and political crises in countries like Venezuela and Brazil threaten to spiral out of control.
  Once referred to pejoratively as “America’s backyard,” Latin America has a long but tortured relationship with its large and wealthy northern neighbor.But in recent yea
  
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• Here's when we'll know if Mexico's economy is 'coming off the rails'

  08-02-2017 20:32 via feedproxy.google.com
  
  President Donald Trump has made it no secret that he thinks Mexico is taking advantage of the United States. 
  Throughout his campaign and during the first few weeks of his presidency he has railed against our neighbor to the south — specifically over the issue of trade.
  Trump called NAFTA the "worst trade deal in the history of the country" and blamed the free trade agreement with Canada and Mexico for job losses, declining wages, and companies shifting manufacturing to Mexi
  
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• A new study shows that areas in Europe hit hardest by trade saw a rise in support for nationalist parties

  08-02-2017 20:32 via feedproxy.google.com
  
  Nationalism has come back in vogue across Western Europe, prompting analysts to investigate underlying, big-picture trends that might be correlated with this political phenomenon.
  And one such trend folks have fixed on is globalization.
  In a new working paper, Italo Colantone and Piero Stanig from Bocconi University looked into the relationship between the impact of globalization and electoral outcomes in fifteen European countries between 1988 and 2007. More specifically, th
  
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• Morgan Stanley's top auto analyst suggests GM could be broken up (GM)

  08-02-2017 20:08 via feedproxy.google.com
  
  On Wednesday, General Motors reported fourth-quarter and full-year 2016 earnings. For the quarter, GM beat expectations. Global sales for the past year were a record for the company.
  And the market did what it has grown accustomed to doing with GM stock, sending shares into a dive (they had been rallying nicely as part of the so-called "Trump Bump"). The main source of concern is that GM's North American profit margins eroded at the end of 2016, "to 8.4 percent, from 10 percent a year 
  
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• Trump and Intel's CEO are touting a $7 billion plant that has been under construction since 2011 as a new jobs creator (INTC)

  08-02-2017 20:05 via feedproxy.google.com
  
  Intel CEO Brian Krzanich announced that the chipmaker will be investing $7 billion in a semiconductor plant in Arizona after meeting with President Donald Trump.
  Krzanich said that the company will complete the construction of a factory in Chandler, Arizona that will create its new 7 nanometer semiconductors.
  At the meeting in the Oval Office, Krzanich said that the company has "been working on this factory for several years" but decided to fully finish the project as a result of
  
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• Time Warner beats thanks to 'Fantastic Beasts' (TWX)

  08-02-2017 19:31 via feedproxy.google.com
  
  Time Warner Inc reported higher-than-expected fourth-quarter results, largely due to box office hits such as the "Harry Potter" spinoff "Fantastic Beasts and Where To Find Them."
  The New York-based media company, which is set to be acquired by AT&T Inc in an $85.4 billion deal, reported an 11.5% rise in quarterly revenue and said the merger remained on track to close later this year.
  Time Warner topped Wall Street's estimates as the company, which owns film studio Warner Bros as well as
  
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• Rankin Photography Ltd: Associate Creative Director

  08-02-2017 19:23
  
  Competitive :Rankin Photography Ltd:
  Top agency based in London looking for an Associate Creative Director, strong across concept, high quality design and copy.
  Kentish Town, NW5
  
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• DNA Recruit: Senior Account Strategist - Shopper & Experiential - London

  08-02-2017 19:22
  
  £55000.00 - £65000.00 per annum:DNA Recruit:
  Enjoy connecting brands to experiences? Passionate about telling stories in-store?Then read on...
  London
  
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• A top investor at $3 billion hedge fund Hutchin Hill Capital has left

  08-02-2017 18:41 via feedproxy.google.com
  
  Jet Theriac, a portfolio manager and managing director at Hutchin Hill Capital, has left the hedge fund firm.
  Theriac started at Hutchin Hill in its San Francisco office in October 2015 and left last month, according to a LinkedIn profile. He oversaw a long-short equity team investing in energy and utilities, a person familiar with the situation said.
  Theriac previously worked as a portfolio manager at Balyasny Asset Management from 2012 through 2015, according to the LinkedIn page.
  Theriac
  
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• The stock market is starting to ignore Trump's tweets

  08-02-2017 18:29 via feedproxy.google.com
  
  President Donald Trump tweeted his dissatisfaction with retailer Nordstrom on Wednesday for dropping the apparel line of his daughter, Ivanka.
  "My daughter Ivanka has been treated so unfairly by @Nordstrom. She is a great person -- always pushing me to do the right thing! Terrible!" Trump wrote.
  The stock seemed to take a turn into the negative right after the tweet was sent, but then something interesting happened.
  Despite the chief executive of the largest economy in the world directly ta
  
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• Facebook is closing hundreds of its Oculus VR pop-ups in Best Buys after some stores went days without a single demo (FB, BBY)

  08-02-2017 18:23 via feedproxy.google.com
  
  Facebook is closing around 200 of its 500 Oculus virtual reality demo stations at Best Buy locations across the US, Business Insider has learned.
  The scaling back of Facebook's first big retail push for VR comes after workers from multiple Best Buy pop-ups told BI that it was common for them to go days without giving a single demonstration. An internal memo seen by BI and sent to affected employees by a third-party contractor said the closings were because of "store performance."
  Oculus spokesw
  
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• Greece’s crisis flare-up couldn’t come at a worse time — for France

  08-02-2017 18:04 via feedproxy.google.com
  
  Markets are dreading the outside chance that right-wing anti-immigrant Marine Le Pen could score a surprise victory in France's upcoming presidential elections, particularly in the wake of Donald Trump’s huge electoral upset and the pro-Brexit vote in the UK.
  So much so that investors have started pushing up French bond yields, which used to trade more like a safe-haven during the height of the eurozone crisis. That's why the latest outbreak of panic over Greece’s debt sustainability
  
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• APPLY NOW: Business Insider is hiring a paid news intern to write about military and defense

  08-02-2017 17:28 via feedproxy.google.com
  Business Insider is hiring an intern to work with our military and defense news team immediately. We're looking for applicants who are news-obsessed, quick to learn, cool under pressure, careful, and appreciative of our approach to journalism.This is an important internship that will involve working closely with top editors and journalists across our team.Responsibilities will include spotting and covering important breaking news stories as they unfold, curating interest
  
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• Some of the smartest minds on Wall Street are sounding the alarm on the Trump bump

  08-02-2017 17:10 via feedproxy.google.com
  
  Elliott Associates. Bridgewater. Baupost.
  They're some of the biggest names in investing. They're also warning of increasing risks in the stock market.
  US stocks have had a good run since the election of Donald Trump. The promise of tax cuts, repatriation of overseas profits, and deregulation had Wall Street abuzz almost immediately after Trump's win. Financial stocks, in particular, have rallied, with the latest boost coming on the back of Trump's executive order to review the Dodd-Frank rule.
  
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• Short sellers are getting steamrolled by Tesla (TSLA)

  08-02-2017 17:00 via feedproxy.google.com
  
  Short sellers are getting steamrolled by the rally in Tesla.
  The company's shares have soared more than 40% since the company closed on its acquisition of SolarCity. Traders who bet against the stock have been saddled with a loss of 31%, or $2.3 billion when taking into account financing costs, according to S3 Partners, a financial analytics firm.
  Bets against Tesla surged since the beginning of November as investors like Greenlight Capital's David Einhorn have targeted the c
  
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• A partner at Dan Loeb's Third Point has left

  08-02-2017 16:54 via feedproxy.google.com
  
  A partner at Dan Loeb's Third Point has left, according to people familiar with the matter.
  Keri Findley left last week and was one of four partners at the $15 billion hedge fund, the people said. Her departure means the firm now just has three partners.
  Findley started at New York-based Third Point in 2009 as an analyst and worked her way up, covering structured credit. She was made partner a little over a year ago, one of the people said.
  Findley was the only female partner at the firm, accord
  
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• Hillary Clinton's son-in-law is reportedly shutting down his hedge fund

  08-02-2017 16:48 via feedproxy.google.com
  
  Marc Mezvinsky, Democratic presidential nominee Hillary Clinton's son-in-law, has shut down his hedge fund, Bloomberg reports.
  New York-based Eaglevale Partners, the hedge fund co-founded by Marc Mezvinsky, closed in December and is in the process of returning money to clients, according to Bloomberg and as reported earlier by Hedge Fund AlertMezvinsky's foray into the hedge fund world has been plagued with troubles. In May 2016, Mezvinksy closed down Eaglevale Hellenic Opportunit
  
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• Apple can't avoid its $13 billion tax bill through Trump's tax reforms, EU says (AAPL)

  08-02-2017 15:46 via feedproxy.google.com
  
  With President Trump talking about tax reform, is there a chance that Apple will be able to get out of its €13 billion Irish tax bill altogether?
  The short answer from the EU is: no.
  In August 2016, Apple was hit with a €13 billion tax bill by the European Commission, payable to Ireland. The Commission alleges that Apple's tax arrangements in Ireland, where it has its European headquarters, amount to unfair "state aid," and are illegal under law.
  As such, it has been ordered to pay the
  
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• McDonald’s on why debunking food myths is a ‘job that will never be done’

  08-02-2017 15:37
  
  McDonald’s says it is determined to further increase brand trust and fight myths that roam social media about the sourcing and provenance of its products, as it launches a new brand campaign.
  The campaign, created by Leo Burnett London, launches on Friday (10 February) and looks at how the fast food brand’s beef burgers are made. It is part of its overarching ‘Good to Know’ myth-busting campaign, which aims to instill trust in its food in the UK market.
  Following on from
  
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• LARRY FINK: The US is facing 2 major crises

  08-02-2017 15:37 via feedproxy.google.com
  
  Larry Fink is worried about two impending crises he sees for the US.
  During an interview at Yahoo Finance's All Markets summit on Wednesday, Fink, the CEO of BlackRock, said two long-term problems are looming over the US economy.
  One, according to Fink, is the deficiency of infrastructure — roads, bridges, and more — in the US.
  "It's now getting late for preparing cities for new technologies," Fink said in an interview with Yahoo Finance Editor-in-Chief Andy Serwer.
  Fink said much of
  
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• Should advertisers ‘Stop Funding Hate’?

  08-02-2017 15:14
  
  You’ve probably seen the ad on Facebook or Twitter. Set to images from big retailers’ Christmas ads, campaign group Stop Funding Hate calls on the likes of John Lewis, Waitrose and Sainsbury’s to stop placing ads in national newspapers such as the Daily Mail, The Sun and the Daily Express in order to “stop funding hate”.
  The campaign garnered a lot of attention towards the back end of last year, both among consumers and the press. Thousands got behind the
  
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• ROUBINI: The Trump rally is about to smack into a wall of worry

  08-02-2017 15:10 via feedproxy.google.com
  
  The record-setting stock market rally that followed President Donald Trump's election victory will soon peter out as investors realize the economic negatives in his political agenda vastly outweigh the positives, according to the crisis-famed economist Nouriel Roubini.
  "It is little wonder that corporations and investors have been happy," the New York University Stern School of Business professor who is chairman of Roubini Macro Associates wrote in an opinion piece for Project Syndicate. "This t
  
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• Marketoonist on ‘newsletter list growth’

  08-02-2017 14:54
  
  Tom Fishburne is founder of Marketoon Studios. Follow his work at marketoonist.com or on Twitter @tomfishburne
  See more of the Marketoonist here
  The post Marketoonist on ‘newsletter list growth’ appeared first on Marketing Week.
  
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• Mondelēz pledges a ‘more disciplined’ marketing approach as sales fall

  08-02-2017 11:46
  
  Mondelēz is looking to take a “more disciplined” approach to its brand marketing in order to build its ‘power brands’ and move away from promotional spending.
  The company, which owns brands such as Cadbury, Oreo and Sour Patch Kids, reported its fourth quarter and full year results yesterday (7 February), which showed net revenues decreased 12.5%, mainly due to currency headwinds, for 2016. Organic net revenue increased 1.3%.
  Net revenue fell 8.1 per cent to $6.77bn
  
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• Smart TV data is sensitive

  08-02-2017 01:00
  NEW YORK: Smart TV manufacturers need to get consumers' consent before collecting data on their viewing habits, the Federal Trade Commission has said, following the settlement of complaint it brought against Vizio.Vizio was fined $2.2m over its...
  
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• How brands can influence shoppers

  08-02-2017 01:00
  BOCA RATON, FL: Marketers seeking to influence shopper behaviour should consider tapping scarcity, simplicity and genuine moments of truth, according to Zoë Chance, Assistant Professor of Marketing at the Yale School of Management.Chance...
  
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• Heineken #shapes Cape Town

  08-02-2017 01:00
  CAPE TOWN: Heineken, the beer brand, has reported a "huge success" for its recent experiential event in Cape Town, a local adaptation of its #ShapeYourCity campaign.This is an evolution of its Cities of the World campaign, which set out to show...
  
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• Haymarket Media Group: Account Manager - Conference & Incentive Travel (C&IT)

  08-02-2017 01:00
  
  Dependent on Experience:Haymarket Media Group:
  Conference & Incentive Travel are looking for a talented Account Manager to sell across the C&IT portfolio
  Twickenham, London (Greater)
  
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• Haymarket Media Group: Account Director - Conference & Incentive Travel

  08-02-2017 01:00
  
  Dependent on Experience:Haymarket Media Group:
  An exciting opportunity has arisen for an Account Director to join the C&IT and Event commercial team.
  Twickenham, London (Greater)
  
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• Facebook video figures worse than feared

  08-02-2017 01:00
  SYDNEY: Last September it emerged that Facebook had been overestimating the average viewing time for video ads on its platform by between 60% and 80%, but new data suggest the situation in Australia may have been worse.Nielsen altered the...
  
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• Dot-Gap: Client Services Account Director

  08-02-2017 01:00
  
  £50,000:Dot-Gap:
  Client Services role ideal for an excellent project manager with a great eye for detail. The company are all about digital tech and data!
  London (Central), London (Greater)
  
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• Dark social shifts marketing focus

  08-02-2017 01:00
  LONDON: Social marketing remains focused on public platforms, but the growth of 'dark social' – private conversations that can't be measured by web analytics – has significant implications for marketers who will have to develop...
  
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• Coke, Pepsi track regional rivals

  08-02-2017 01:00
  NEW DELHI: Coca-Cola and Pepsi are reported to have set up separate groups within their organisations to monitor India's regional soft drinks brands that command a significant share and which some believe are behind a planned boycott of the...
  
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• Cannes Lions parent buys MediaLink

  08-02-2017 01:00
  NEW YORK/LONDON: Ascential, the global B2B business which operates the Cannes Lions International Festival of Creativity, is acquiring MediaLink, the US-based advisory and business services firm.The deal is expected to benefit both parties,...
  
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• Asians view food purchases differently

  08-02-2017 01:00
  SINGAPORE: Asian consumers approach healthy food purchases differently, which means brands should reconsider how they package food in the region, recent research suggests.Writing exclusively for Warc, May O. Lwin at the Institute of Asian Consumer...
  
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